Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $4.15, but opened at $4.26. Silvercorp Metals shares last traded at $4.26, with a volume of 448,272 shares.
Silvercorp Metals Price Performance
The company has a current ratio of 4.61, a quick ratio of 4.35 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $3.43. The firm has a market cap of $870.88 million, a PE ratio of 11.11 and a beta of 1.20.
Institutional Investors Weigh In On Silvercorp Metals
Several institutional investors have recently bought and sold shares of the business. Tidal Investments LLC increased its position in shares of Silvercorp Metals by 17.8% during the fourth quarter. Tidal Investments LLC now owns 7,556,081 shares of the company's stock worth $22,668,000 after acquiring an additional 1,143,210 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Silvercorp Metals by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company's stock valued at $17,336,000 after purchasing an additional 1,025,000 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Silvercorp Metals during the 4th quarter valued at approximately $2,788,000. Bank of America Corp DE grew its position in shares of Silvercorp Metals by 206.4% during the fourth quarter. Bank of America Corp DE now owns 1,258,083 shares of the company's stock worth $3,774,000 after buying an additional 847,547 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Silvercorp Metals by 37.4% in the fourth quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company's stock worth $7,333,000 after buying an additional 664,806 shares during the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.
About Silvercorp Metals
(
Get Free Report)
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.
Read More
Before you consider Silvercorp Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silvercorp Metals wasn't on the list.
While Silvercorp Metals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
